Odell Beckham Jr, who converted his salary to bitcoin, expresses satisfaction with his decision. Despite the recent dip, bitcoin analysts predict that it will break $123K. Tesla's bitcoin holdings are now worth $1.2B following a 30% price rally in Q2. In contrast, Piper Sander warns that bitcoin might pull back with equities in the following weeks. The Trump Media has accumulated $2 billion in bitcoin, encouraging an expansion of the president's net worth. The S&P 500 index is getting more bitcoin exposure as Block joins the index. Companies are diversifying their investments into bitcoin and Ethereum, with some companies adding Ethereum to their balance sheets.
Elon Musk's Tesla is bracing itself for bitcoin price shocks, while Michael Saylor's strategy now holds 3% of bitcoin circulation after the latest purchase. The move towards cryptocurrency is not just limited to bitcoin, as Trump Media, in its strategies to advance crypto agenda, increased its bitcoin holdings to $2B.
Investors are also making significant moves, as seen with Sixty Six Capital's acquisition of $2.5M in BTC ETF and plan for direct bitcoin conversion. A new analysis suggests an explosive phase is close, which could elevate the currency to $140K. With the rising popularity and substantial investments in bitcoin, it seems almost inevitable for Wall Street's biggest players to ignore the cryptocurrency. Despite the significant investments, volatility remains in the bitcoin market, as hinted by options traders targeting $200K bitcoin strikes. With the recent trend, there's sufficient reason for bulls to remain optimistic as almost all bitcoin wallets are now profitable.
Bitcoin News Analytics from Mon, 14 Jul 2025 07:00:00 GMT to Wed, 23 Jul 2025 21:57:52 GMT -
Rating 4
- Innovation 5
- Information 7
- Rumor -1
